TORONTO, Dec. 4, 2020 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") announced today the estimated non-cash distributions
(the "Non-Cash Distributions") to holders of certain of the
exchange traded funds (the "ETFs") it manages for the 2020
tax year as indicated in the table below. Those ETFs managed by
Horizons ETFs not listed in the table are not expected to have a
non-cash distribution for the 2020 tax year.
Please note that these are estimated amounts only.
Circumstances may arise which could cause these estimates to change
before the ETFs' applicable tax year ends on December 15, 2020.
Each ETF is required to distribute any net income and capital
gains it has earned during the year. The Non-Cash Distributions
will be automatically reinvested in additional units of the
respective ETFs and immediately consolidated so that the number of
units held by the unitholder (the outstanding units of the ETFs)
and the net asset value of the ETFs will not change as a result of
the Non-Cash Distributions. The annual Non-Cash Distributions will
be reported to investors as taxable distributions and will increase
each unitholder's adjusted cost base for the respective ETF. The
Non-Cash Distributions may be income and/or capital gains in
nature. These estimated amounts are for the Non-Cash distributions
only and do not include any estimates of the regular monthly or
quarterly cash distributions, as applicable, including income and
capital gains amounts that may form a part of the monthly and/or
quarterly distributions.
Horizons ETFs expects to announce the final year-end income and
capital gains distribution amounts, as well as regular monthly,
quarterly and semi-annual cash distribution amounts, on or about
December 22, 2020. The ex-dividend
date for all of these distributions (cash and non-cash) is
anticipated to be December 30, 2020,
for all unitholders of record on December
31, 2020. In early 2021, the tax characteristics of all
distributions for 2020 for the ETFs will be reported to brokers via
CDS Clearing and Depository Services Inc. ("CDS") and will
be posted on our website shortly thereafter.
|
ETF Name
|
Ticker
Symbol
|
Estimated
Annual Non-
Cash
Distributions
per Unit as of
Dec. 3, 2020 (2)
|
Net Asset
Value per
Unit as of
Dec. 3, 2020
|
Estimated
Non-Cash
Distributions
as a % of
NAV as of
Dec. 3,
2020
|
|
Horizons Industry 4.0
Index ETF
|
FOUR
|
$5.237
|
$44.0228
|
11.90%
|
|
Horizons Active Cdn
Bond ETF
|
HAD
|
$0.108
|
$10.9302
|
0.99%
|
|
Horizons Active
Global Dividend ETF
|
HAZ
|
$0.128
|
$24.2306
|
0.53%
|
|
Horizons Big Data
& Hardware Index ETF (1)
|
HBGD/
HBGD.U
|
$0.953
|
$41.9001
|
2.27%
|
|
|
|
(1)
|
Distributions for
Horizons Big Data & Hardware Index ETF are declared and paid in
Canadian dollars, including those listed under the U.S. dollar
traded ticker HBGD. For unitholders who hold the U.S. dollar traded
HBGD.U, distribution payments will typically be converted to U.S.
dollars by the unitholder's account holder.
|
|
|
|
(2)
|
Distributions for all
of the ETFs listed in the table are expected to be capital gains in
nature.
|
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management
(Canada) Inc. is an innovative
financial services company and offers one of the largest suites of
exchange traded funds in Canada.
The Horizons ETFs product family includes a broadly diversified
range of solutions for investors of all experience levels to meet
their investment objectives in a variety of market conditions.
Horizons ETFs has more than $16
billion of assets under management and 93 ETFs listed on
major Canadian stock exchanges.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. The
Horizons Exchange Traded Products are not guaranteed, their values
change frequently and past performance may not be repeated. The
prospectus contains important detailed information about the
Horizons Exchange Traded Products. Please read the relevant
prospectus before investing.
Certain statements may constitute a forward-looking statement,
including those identified by the expression "expect" and similar
expressions (including grammatical variations thereof). The
forward-looking statements are not historical facts but reflect the
author's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations. These and other
factors should be considered carefully and readers should not place
undue reliance on such forward looking statements. These
forward-looking statements are made as of the date hereof and the
authors do not undertake to update any forward-looking statement
that is contained herein, whether as a result of new information,
future events or otherwise, unless required by applicable law.
SOURCE Horizons ETFs Management (Canada) Inc.